Motley Fool Asset Management LLC Has $6.34 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Motley Fool Asset Management LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,020 shares of the Internet television network’s stock after acquiring an additional 506 shares during the period. Motley Fool Asset Management LLC’s holdings in Netflix were worth $6,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Regent Peak Wealth Advisors LLC lifted its holdings in Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after acquiring an additional 21 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in Netflix by 5.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock worth $191,000 after buying an additional 22 shares during the last quarter. Centurion Wealth Management LLC increased its position in Netflix by 2.4% during the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock worth $479,000 after buying an additional 23 shares during the last quarter. Secure Asset Management LLC increased its position in Netflix by 2.7% during the fourth quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock worth $440,000 after buying an additional 24 shares during the last quarter. Finally, Key Financial Inc increased its position in Netflix by 14.4% during the third quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock worth $75,000 after buying an additional 25 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. Insiders have sold a total of 160,106 shares of company stock worth $92,729,716 in the last ninety days. Corporate insiders own 2.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NFLX shares. Canaccord Genuity Group downgraded Netflix from a “buy” rating to a “hold” rating and lowered their price target for the stock from $720.00 to $585.00 in a research report on Friday, April 19th. Macquarie upped their target price on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. UBS Group upped their target price on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Robert W. Baird boosted their price target on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Netflix Trading Up 1.7 %

Shares of Netflix stock traded up $9.68 on Thursday, reaching $564.80. 3,799,070 shares of the company’s stock were exchanged, compared to its average volume of 4,519,067. The company has a market capitalization of $243.37 billion, a P/E ratio of 39.20, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00. The firm’s 50-day moving average is $604.99 and its two-hundred day moving average is $518.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same period last year, the business earned $2.88 EPS. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. Sell-side analysts predict that Netflix, Inc. will post 18.09 EPS for the current fiscal year.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.